List of Terms and Conditions for Corporate Clients

Transcription

1 List of Terms and Conditions for Corporate Clients Effective: as from 1st January 2019 * Indexation of charges and fees: The Bank links the calculation of the charges and fees indicated in the present List of Conditions with * to the average consumer price-index yearly announced by the Hungarian Central Statistical Office regarding the preceding calendar year. The amount or rate of such charges and fees shall be indexed each year from the 1st day of April automatically to the average consumer price-index applicable for the preceding calendar year. The indexed charges and fees shall be published each year in the present List of Conditions on or before the 1st April. Charges and fees shall be rounded off to the nearest whole HUF, or if determined in EUR to the nearest two decimal points, according to the general rules of rounding off. The Bank reserves the right not to apply indexation of charges and fees on one or more occasions regarding specific group of Clients or certain types of services. **Max HUF 6,000 applies to the added +0.3%, and max HUF 3,000,000 applies to the added +0.6%. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

2 I. General Conditions... 3 II. Account Keeping Packages Cuent promotional offers Raiffeisen Business Active Accounts Raiffeisen Business Active Plus Account Other fees and commissions of the account packages Special accounts Accountant Account Package Special account with higher deposit insurance (for private entrepreneurs and small-scale farmers) Account Kamathegyező Other Custody Conditions Account Management and Other Services for Client Participating in Kiút Programme Other Account Keeping Packages One Price Packages Premium Business Account Package Terms & conditions of foreign cuency connected to One Price, Bronz and Premium Business account packages Raiffeisen Minimum, Start, Alap, Plusz and Extra account keeping packages III. Account keeping in HUF IV. Account Keeping in Foreign Cuencies V. Electronic and Internet Banking Services VI. Other transaction services VII. Cash Transactions VIII. Bankcards IX. Time deposits X. Loans XI. General Terms and Conditions of Documentary Business XII. Other services Appendices Appendix No. 1.: Order of execution Appendix No. 2.: Notification to Businesses Appendix No. 3.: Rules of Procedure of NBH s VIBER (Real-Time Gross Settlement System) Service F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

3 I. General Conditions 1. The Bank has the right to round up values when calculating fee and interest amounts. 2. In addition to the listed conditions, the customer shall bear the Bank s out-of-pocket expenses, such as telex, telegram, SWIFT, courier, etc. costs. 3. HUF transfer fees, account maintenance fees and account statement fees are charged, the debit and credit interests of HUF and FX cuent accounts are debited and credited, and the interests of HUF and FX call money accounts are credited, at the end of each calendar quarter. Excepting for the Business Active Accounts,the Business Active Plus Account and the Accountant Account Package. The above commissions, fees and interests are credited and debited on the Business Active Accounts, the Business Active Plus Account and the Accountant Account Package at the end of each calendar month. Account-keeping fees and commitment fees are charged by the 28 th of each month. The Bank reserves the right to deviate from the aforesaid in individual agreements. Other, incidentally arising fees, commissions and costs are charged when incued. 4. The payment of regular fees of fixed amount connected with bank account keeping and overall order management, as well as any other services related to the bank account shall be due on specific dates identified in this List of Terms and Conditions, or periodically, on the last day of the given period. When a due date falls on a weekend or a banking holiday, the bank account shall be debited with the regular fixed fees on the banking day preceding due date. In such case the value date of the payment shall be the day of debit, and as a result the accountholder shall make the payment in advance as compared to the due date. Regular charges of fixed amount included in the Conditions List of the Corporate Business are the following: account maintenance fee; FX account maintenance fee; mailbox rental fee; terminal, software and modem usage fee; safe deposit box rental fee; Cash Management service fee; fee of statistical data supply for corporate clients; accountkeeping package fees. Upon receipt of a Client s instruction to close a bank account, the Bank will, for the period up to the account closure date in the month concerned, charge to the Client the pro rata amount of the monthly fee stipulated in the cuent List of Terms & Conditions for the relevant account management package or the pro rata amount of the specific monthly account management fee specified in the Bank Account Contract.. 5. Cut-off times for money transfer and conversion orders to be executed on the same day are the following. The time of receipt and acceptance of individual orders and the end of the business day (as far as the performance of payment operations is concerned) shall be regarded as identical in accordance with those explained in detail in Section 5. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

4 Order given Paper-based 1 Via telephone On-line Direktnet Raiffeise n Electra/ Express MultiCash SWIFT In-bank ad hoc HUF account transfers 16:00 17:00 17:00 16:30 16:30 16:30 Interbank ad hoc HUF payments 16:00 16:30 16:30 16:30 16:30 16:30 Standing payment orders (for T+1 day) 15:30 15:30 15:30 16: Modification or cancellation of standing payment orders (for T+1 day; prior to the first fulfilment of the standing order no modification is possible, the standing order must be deleted and new order has to be submitted) 15:30 15:30 17:00 Recalling ad hoc, or standing order HUF payments 2 15:00 16:00-15: Time deposit orders and termination 3 16:00 16:00 17:00 16: In-bank FX transfer with conversion 10:00 12:00 12:00 12:00 12:00 12:00 In-bank FX transfer without conversion except for EUR 15:00 15:00 15:00 15:00 15:00 12:00 In-bank EUR FX transfer without conversion 15:00 17:00 17:00 17:00 17:00 12:00 Interbank payments of FX / HUF with conversion 10:00 12:00 12:00 12:00 12:00 12:00 Interbank payments of FX / HUF without conversion 10:00 12:00 12:00 12:00 12:00 12:00 SEPA Credit Transfer (for T day) 11:00 12:00 12:00 12:00 12:00 12:00 SEPA Credit Transfer (for T+1 day, for T+2 day) 10:00 12:00 12:00 12:00 12:00 12:00 Intra Group Payments 4 10:00 12:00 12:00 12:00 12:00 12:00 Intra Group Payments 4, SEPA 10:00 12:00 12:00 12:00 12:00 12:00 Special FCY exchange conversion :00 18: VIBER transfer 16: :30 16:30 16:30 In-Bank collection orders (on account of reasons 1, 4 and 5 ) and official credit transfer orders 14: :00 15:00 - Interbank collection orders (on account of reasons 1, 4 and 5 ) and official credit transfer orders 14: :00 14:00 - Postal payment orders 12: :00 14:00 - Multiple transfer :30 16:30 - Multiple collection (initiation of direct debit) : Multiple collection (direct debit) for T+2 days 16: Multiple collection (direct debit) for T+1 days 16:00 16:00 16:00 16: Blockage of direct debit (on the day before the debit) 16:00 16:00 24: In the case of orders given on fax, cut-off times are identical with those of orders given on paper. 2 The deadline for giving a request to recall interbank HUF payment orders given via Raiffeisen Direkt or Raiffeisen DirektNet is the 30th business day following execution of the the transfer order. If the beneficiary does not respond to the recall request within 60 business days after the recalled payment is executed, then the request of recall will be cancelled. 3 Bank shall execute orders received the above mentioned cut-off time next working day at the latest. Time deposit termination is not available via Direktnet. 4 Fast and low-fare same cuency payments to other accounts within the Raiffeisen network (EUR only). Money orders given in T+1 days are also executed within the day (T). For a list of the banks participating in the service, see Section I/15 of the List of Terms & Conditions. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

5 Submitting SEPA DD B2B letter of 15:30 authorisation SEPA DD (Direct Debit) Core direct debit limiting statement set/modification/cancellation 15: Forbiding the execution of SEPA DD Core and B2B a direct debit 15:30 15: Refund of paid SEPA DD Core direct debit 13: Cash deposit Cash deposit in bags at banking cashier 11:00 Opening time for receiving payment orders: Branch Raiffeisen Direkt Raiffeisen DirektNet Raiffeisen Electra/Expressz Multicash SWIFT Branch Opening 7:00 7:00 7:00 7:00 7:00 Special FCY exchange conversion - 8:00 8: Order type Final cut off time of incoming transactions Closing time of the workday Incoming In-bank ad hoc HUF account transfers 17:10 17:10 Incoming Interbank ad hoc HUF payments 18:10 18:10 EUR 17:00 18:00 Incoming In-bank FX without conversion all cuencies except for transfers EUR 15:00 15:00 with conversion 12:00 12:00 EUR 17:00 18:00 Incoming Interbank FX without conversion all cuencies except for transfers EUR 15:30 15:30 with conversion 12:00 12:00 The Bank processes non EEA incoming foreign exchange payments with or without conversion received directly from nostro bank until 12:00 a.m. on receipt day, received from other banks on the day of receiving credit advice from nostro bank, not earlier than receipt day. EEA incoming foreign exchange payments 6 with or without conversion, received directly from nostro bank or as SEPA credit transfer until 15:30 p.m., are processed on receipt day; received from other banks or non SEPA credit transfer are processed on the day of receiving credit advice from nosto bank, not earlier than receipt day. Payments without conversion in euro cuency received until 17:00 p.m. are processed on the receipt day, the end of the working day is 18:00 p.m. In case of payments without conversion the processing day cannot be earlier than value date of the payments or covers. Incoming payments received after the above mentioned Cut off Times are processed on the next banking day. The payments are processed with normal priority based on our standard processing except any other disposition from client. Except payments without conversion in euro cuency, the cut-off time by which orders should be received so that the Bank executes the received order on the same banking day and the closing time within a banking day by which a payment order may be sent to the Bank shall be the same. 6. In the case of FCY transfers, the international bank account number (IBAN) of the beneficiary should be written on the order. In its absence, European banks may charge a penalty fee, which amount shall be immediately shifted on by Raiffeisen Bank to the ordering customer, whose account will be debited with the same amount. Outgoing FCY payment orders to EU countries given by EU standards are executed according to BIC code (SWIFT code) given by the customer. Outgoing FCY payment orders to EU countries which are not given by EU standards are executed according to IBAN (International Bank Account Number). 5 Raiffeisen Electra only 6 EEA foreign exchange payments: only EEA cuencies and EEA member countries are affected in the payments. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

6 7. In accordance with Regulation (EU) 2015/847 (the Regulation ), the Bank is required to check whether information on payers and payees, accompanying incoming and outgoing transactions and those going through the Bank are available fully, in accordance with the requirements of the Regulation, and furthermore in the cases specified in the Regulation it is required in the case of incoming transactions to be credited to accounts kept at the Bank to verify the accuracy of the information on the payee. The Regulation applies to transfers of funds, in any cuency, which are sent or received by a payment service provider or an intermediary payment service provider established in the European Union, and which are caied out at least partially by electronic means. Credit transfers and direct debits both fall within the scope of the Regulation. Iespective of cuency, all transfers of funds should include the following information: Payer Payee payment account number/iban (or unique transaction identifier (UTI*) name address (official personal document number, customer identification number, date and place of birth) payment account number/iban (or unique transaction identifier (UTI*) name * In the case of a transfer not made from or to a payment account, a unique transaction identifier can be used. In accordance with the Regulation, the information concerning the payee is deemed to be available in full if the payment account number/iban and the name are available. If a transfer of funds fails to include information concerning the payer and the payee fully, this may result in the transfer being caied out with a delay or being rejected. 8. For the sake of the customer s security, the Bank shall only fulfil cash withdrawal orders in excess of HUF 2 million or its FX equivalent (calculated at the Bank s prevailing FCY selling rate) only for the customer or its permanent proxy. Cash withdrawal orders given by ad hoc proxies shall only be fulfilled up to a limit of HUF 2 million or its FX equivalent (calculated at the Bank s prevailing FCY selling rate). 9. Information on the rules of procedure of the National Bank of Hungary concerning VIBER payment transactions On the cuent amount of any debit balance generating in the Hungarian forint cuent account due to the delayed payment or non-payment of the accountholder, the Bank shall charge a default interest equalling the base rate of the National Bank of Hungary + 7% p.a. from the date of the default (calculated on a 365/360 basis). 11. On the cuent amount of any debit balance generating in the foreign exchange cuent account due to the delayed payment or non-payment of the accountholder, the Bank shall charge a cuent account debit interest concerning corporate customers specified in the Announcement from time to time in effect for the period of the default, starting from the first day of the default (interest shall be calculated on a 365/360 basis.) 12. The Bank performs cash withdrawal based on payment slip, on the date or interval, which is indicated in the payment slip. 13. Obligation to give prior notice of cash withdrawals in HUF: In the case of cash withdrawals of HUF 2 million or more, prior notice is to be given in writing by 3:00 p.m. on the banking day preceding the date of the cash withdrawal. Cash withdrawals of which prior notice has been given may be cancelled by the deadline set for the notice of cash withdrawal. 14. Obligation to give prior notice of cash withdrawals in foreign cuency: In the case of cash withdrawals of more than HUF 300,000 in EUR or USD, if the amount of the cash withdrawal does not exceed EUR 10,000 or USD 10,000, prior notice is to be given in writing by 11:00 a.m. on the banking day preceding the date of the cash withdrawal. In the case of cash withdrawals in EUR or USD, if the amount of the cash withdrawal exceeds EUR 10,000 or USD 10,000, written notice should be given by 11:00 a.m. on the second banking day preceding the day of the cash withdrawal. In the case of cash withdrawals of more than HUF 300,000 in any other foreign cuency, written notice is to be given by 11:00 a.m. on the second banking day preceding the day of the cash withdrawal. 7 See Appendix No. 3 for details. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

7 Cash withdrawals of which prior notice has been given may be cancelled by the deadline set for the notice of cash withdrawal. 15. In the case of payments not in EUR initiated by the Customer in favour of bank accounts registered in the Member States of the EU, or in Switzerland, Norway, Iceland or Liechtenstein, and in the case of payments initiated by the Customer in favour of bank accounts registered in Turkey or the United Arab Emirates, the Customer shall bear an obligation of identifying the beneficiary s International Bank Account Number (IBAN), as well as the SWIFT code (BIC or Bank Identifier Code) of the beneficiary s account-keeping bank for the Bank when giving the payment order. The Bank shall check the IBAN featuring in the payment order on the basis of the standard (EBS204 V3-February 2001) of the European Committee for Banking Standards (ECBS) concerning IBAN generation. If the Customer provides an invalid IBAN in the payment order, or fails to provide any, the Bank rejects fulfilling the payment order, and the Bank shall notify the Customer about the rejection and the cause of the rejection. The Bank shall have the right to reject fulfilling the payment order until the Customer has provided a faultless IBAN to the Bank. All emerging costs related to the invalid or not provided IBAN charges the Customer. As regards any issue concerning the acceptance and fulfilment of payment orders that is unregulated in this section, the general rules set forth in the Bank s business regulations shall be governing. Transfer orders involving conversion which are submitted before the cut-off time are converted on the date the coverage is available, once a day, after 2:00 p.m., at the exchange rate set for the execution of foreign cuency transfer orders, with the customer type and the order type (normal, urgent, very urgent) also being taken into account. The orders are booked after the conversion, on the envisaged value date of execution. In the case of incoming foreign exchange transfer orders, some charges may be deducted prior to be Bank receiving the order. Such incued costs are independent of the Bank, and are developed on the basis of the transfer route determined by the initiating bank, depending on the pricing terms of the intermediary banks. Costs deducted from the original amount of the transfer order are not assumed by the Bank from the customer. Transfer orders initiated in foreign cuencies shall be executed in the cuency determined by the customer only if the beneficiary financial institution keeps accounts in the intended cuency of the transfer. If the customer launches a credit transfer order assuming all transfer charges (OUR), the customer s account may be subsequently debited with the fees charged by the intermediary banks involved in the transfer. 16. Banks involved in the Intra Group Payment service: Albania Raiffeisen Bank Sh.a., Tirana SGSB AL TX XXX Austria Raiffeisen Bank International AG RZBA AT WW XXX Austria Raiffeisenverband Salzburg RVSA AT 2S XXX Austria Raiffeisenlandesbank Niederösteeich-Wien RLNW AT WW XXX Austria Raiffeisenlandesbank Oberösteeich RZOO AT 2L XXX Austria Raiffeisenlandesbank Tirol RZTI AT 22 XXX Austria Salzburger Landes-Hypothekenbank SLHY AT 2S XXX Austria Raiffeisenlandesbank Vorarlberg RVVG AT 2B XXX Bosnia Hercegovina Raiffeisen Bank d.d Bosna i Hercegovina, Sarajevo RZBA BA 2S XXX Bulgaria Raiffeisenbank (Bulgaria) E.A.D., Sofia RZBB BG SF XXX Czech Republic Raiffeisenbank a.s., Prague RZBC CZ PP XXX Belarus Priorbank JSC, Minsk PJCB BY 2X XXX Croatia Raiffeisenbank Austria d.d., Zagreb RZBH HR 2X XXX Kosovo Raiffeisen Bank Kosovo J.S.C., Prishtina RBKO XK PR XXX Hungary Raiffeisen Bank Zrt., Budapest UBRT HU HB XXX Germany RLB OÖ Zweigniederlassung Süddeutschland RZOO DE 77 XXX Russia AO Raiffeisenbank, Moscow RZBM RU MM XXX Romania Raiffeisen Bank S.A., Bucharest RZBR RO BU XXX Serbia Raiffeisen banka a.d., Belgrade RZBS RS BG XXX Slovakia Tatra banka a.s., Bratislava TATR SK BX XXX Ukraine Raiffeisen Bank Aval JSC, Kiev AVAL UA UK XXX F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

8 17. If exercising its right of set-off based on a law or stipulated in the Bank s General Business Conditions or in any agreement concluded with the Customer the Bank debits any of the Customer s bank accounts and settles its claim on the Customer with an in-house account transfer that involves conversion, then the Bank will have the right to charge on the converted amount the fee payable for in-house transfers with conversion (T day) as set out in the Fee Chart related to the bank account agreement concluded with the Customer or in its absence in the List of Terms and Conditions for Corporate Clients from time to time in effect. 18. Upon the performance or partial performance of collection orders and court orders for payment launched from FX accounts and involving conversion, the Bank will have the right to charge on the converted amount the fee payable for in-house transfers with conversion (T+2 day) as set out in the Fee Chart related to the bank account agreement concluded with the Customer or in its absence in the from time to time in effect. The Bank will charge the aforementioned conversion fee also in the case of collection orders presented on the basis of letters of authorisation as well as promissory notes or bills of exchange wherever the performance of the order involves conversion. 19. As to CNY, transfer orders may be placed only on hardcopy (meaning that the electronic way is excluded) and in the cuency in which the account-holder s account is kept. If, on the account kept with the Bank, the coverage is available in any other cuency, the order may be fulfilled within the framework of a specific order by the holder, thru a conversion service, the so-called Treasury conversion. The deadline of the transfer is 10:00, accounting takes place on the T+2 day. 20. As to CNY and TRY, unless otherwise decided by the bank or otherwise agreed with the Client, the Bank shall render foreign exchange services only in relation to the account kep with the Bank the Bank shall not provide any cash (cuency) services in the above cuencies. 21. Formula used for interest calculation principal x interest rate in % x number of days 36,500 As regards the calculation of the interest payable on the balance of cuent accounts, the day of deposition of the relevant amount shall be considered as the starting day, and the day preceding withdrawal as the closing day of the deposit. The measure of the standardised deposit interest ratio ( EBKM ) as defined in Government Decree No. 82/2010 (III.25.) which ratio must be used for cuent account interests as well according to the said Government Decree is included in the relevant bank account agreement. 22. In case of financial institutions, payment service providers, investment companies, investment management companies and investment funds not subject to the Law n CXVI of 2012 on the financial transaction tax, the financial transaction tax (the 0.3 % maximum HUF 6,000 and the 0.6 %, maximum HUF 3,000,000 fee element added to the original fare indicated in percentage) - as a part of the transaction fees published in this List of Terms and Conditions - is not charged. 23. The Bank shall solely process SEPA Credit Transfer in case of meeting all the requirements listed below otherwise the payment shall be rejected. cuency of the payment denominated in Euro coectness of the beneficiary s IBAN shared charges (SHA) SEPA membership of the beneficiary bank (or accessibility through SEPA network) In case all the above mentioned requirements excluding solely the last one are fulfilled, and unless the Customer is informed otherwise, the Bank shall execute the payment as non-sepa transaction. If the amount of a SEPA credit transfer with conversion is given in the cuency of the credited account different from EUR, than the credit transfer can not be extra urgent. 24. For any services which are not included in the given account package, Customers using an Account Package shall pay the fees set out in the Corporate List of Terms & Conditions from time to time in effect. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

9 25. The SEPA DD Core direct debits are executed according to the instructions about restrictions, on the first workday after the day of receipt of the instructions, including the SEPA DD Core direct debits if the day of execution is on that first working day. The Bank accepts instructions about SEPA DD Core direct debit restrictions from 3rd October A paid SEPA DD Core direct debit can be refunded without examination within 8 week after the execution of the direct debit (56 days not including the day of the execution) until the last banking working day. 27. In case private entrepreneurs, small-scale farmers, private individuals with tax number or other independent private entrepreneurs initiate in-bank transfer, standing payment order with fixed amount, multiple payment order, SEPA credit transfer or payment in foreign cuecies to their own in-bank retail bank, Credit card, Bank or Securities account maintained as a retail customer, the 0.3%, max HUF 6000 part of the fee does not apply, despite being listed in the full fee. This provision shall apply retroactively as of 1 January Transfer with preferential fees Due to changes in the Bank s costs related to the modification of act CXVI of on financial transaction duty, the Bank applies preferential fees for the following transfers: - As of the bank will not charge the 0.3%, max HUF 6000 part of the outgoing transfer fee determined in percentage in case of transfers where the beneficiary account is a limited use payment account belonging to Széchenyi Pihenő Card. - Effective as of 01/01/2019 in case of all one-time and standing credit transfers other than those that are free of charge or have a fee of HUF 0, initiated by natural persons (not including private entrepreneurs): - if the amount of the transaction is HUF 20,000 or less, the 0.3% max. HUF 6,000 part of the fee shall not be charged, - if the amount of the transaction is in excess of HUF 20,000, then up to HUF 20,000 the 0.3% max. HUF 6,000 part of the fee shall not be charged. - In the scope of a promotion offered between 1 January 2019 and 31 March 2019, in the case of credit transfers from bank accounts to client accounts kept at the Hungarian State Treasury (MÁK), or to central accounts of MÁK kept for the purpose of buying and selling government securities (to the credit of accounts identified by MÁK and belonging to the account ranges listed below), from the credit transfer fee the Bank will not charge the fee element coesponding to the measure of financial transaction duty - 0.3% max. HUF 6,000. MÁK accounts affected by the discount: F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

10 II. Account Keeping Packages Cuent promotional offers Promotional account maintenance fee offer for startup entrepreneurships: From July 3rd, 2017 until the offer is withdrawn, Raiffeisen will waive the first twelve months of cuent account maintenance fee for startup businesses with newly opened Active 1 accounts. After the promotional period the bank will follow the general terms and conditions posted for the Active 1 accounts with respect to the monthly cuent account maintenance fee. The promotional offer is only available for those businesses, which have signed an auxiliary agreement regarding their cuent account with our bank, and which open their Raiffeisen Active 1 account within six months of the publicly documented foundation of the company, or have a farmer's permit registered up to six months before their Active 1 account opening date. This promotional offer cannot be combined with other electronic transaction discount offers for out-of-bank transfers. Promotional account opening offer (electronic transaction discount offers for out-of-bank transfers): For a promotional period of 12 months, starting from the date of account opening, the bank will charge a discounted fee for a given number of outgoing HUF electronic money transfers from the primary HUF account within each month. The offer is valid for new clients who open Raiffeisen Business Active Accounts, or Raiffeisen Accountant Account by and have Annual Net Sales under HUF 1250 Million. The number of promotional transactions depends on the customer's account package. The promotion is valid for the first 3 transfers in the case of Active 1 accounts, first 5 transfers for Active 2 accounts, and first 10 transfers for Active 3 Account, Accountant Account, Active 4 and Active Plusz accounts (Active 4 and Active Plus with standard or special conditions). All promotional transfers are only valid in case of electronic transfers submitted via Direktnet, Electra or Multicash systems. If the customer changes their account package during the 12 months promotional period, the bank will examin the customer account package on the 25th of each month and instate the modified monthly number of promotional electronic transfers relevant to the new package. The amendment will take effect in the following month, and continue for the remaining period of the 12 months promotion. The bank provides the promotion for those customers as well, where the contract signing date is or prior, but the account opening takes place later than After the promotional period the advertised fee for Outgoing transfers (listed in chapter II.1 of the present list of conditions) shall be charged for transfers originating from HUF accounts. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

11 1. Raiffeisen Business Active Accounts Account Packages for Enterprises with Annual Net Sales of Less than HUF 1250 Million. Monthly account maintenance fee 8 Services included: Active 1 Account Active 2 Account Active 3 Account Active 4 Account Ordering at least 3 transfer transactions 9 a month: HUF 0 HUF For startup entrepreneurships HUF 0 in the first 12 months 13 Incoming payments 10 reach HUF 1.5 million in a calendar month: HUF 0 Incoming payments 10 reach HUF 5 million in a calendar month: HUF 0 Incoming transactions 10 reach HUF 10 million in a calendar month or the average monthly account balance 11 reaches HUF 5 million: HUF 0 HUF HUF HUF Raiffeisen Direkt telephone banking service Raiffeisen DirektNet internet banking service Unlimited number of free HUF payments to HUF account Mobil (SMS) Banking Light service application fee and monthly maintenance fee Mobil (SMS) Banking service application fee and monthly maintenance fee + + Mastercard Business card (1 pc) In the month of account opening the Bank does not charge the monthly accont maintenance fee up to 31st December Each ad hoc in-bank and interbank HUF and FX transfer ordered by the Client shall be considered a transfer transaction if the combined value of said transfers is excluding cay-overs, deposit tie-ups, credit repayments and subsequent deletions among the Client s own accounts kept with Raiffeisen Bank. 10 Each in-bank and interbank transfer shall be considered incoming payment excluding the transfers from the Client s own accounts kept with Raiffeisen Bank. Furthermore, any cash payment to the Client s account shall also be considered incoming payment. The Banks shall check incoming payments both for the HUF, for FX accounts and for the Attorney s escrow accounts. 11 For the calculation of average monthly account balance the Bank take into accounts the HUF and FX, accounts Kamathegyező, the term deposit and the Premium Investment balance. 12 The Bank shall charge the account keeping fee on the Client s bank account in each month when the conditions for the exemption of said fee are not met. 13 This promotional offer cannot be combined with other electronic transaction discount offers for out-of-bank transfers. 14 The card fee is not charged for the first year. In subsequent years the annual card fee figuring in Chapter VIII of the List of Conditions shall be charged F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

12 Visa Business or Mastercard Business card (1 pc) 14 Raiffeisen Electra electronic banking terminal setup fee and monthly maintenance fee (In case of Active Account 4, for previously contracted REX terminals monthly maintenance fee) Monthly cash withdrawal from any domestic ATM at reduced fares (item/month) 15 Active 1 Account Active 2 Account Active 3 Account Active 4 Account item HUF 0 + 0,6% Cash withdrawal from any domestic ATM beyond the monthly limit of transactions with reduced fares 15 0,12%, min HUF ,6% 2 items HUF 0 + 0,6% 0,12%, min HUF ,6% 3 items HUF 0 + 0,6% 0,12%, min HUF ,6% + 3 items HUF 0 + 0,6% 0,12%, min HUF ,6% Account opening Minimum account opening balance HUF 0 HUF 0 HUF 0 HUF 0 Account keeping monthly fee of sub-account (in HUF and foreign cuenies) HUF 992 / account HUF 992 / account HUF 992 /account HUF 992 /account Fee of HUF sub-accounts opened for account packages Change of account keeping package 16 HUF 2507 Mobile Banking service application fee free of chrarge Credits in HUF Incoming transfers (GIRO) In-house transfers Incoming VIBER transactions In-bank transfer Electronic and via internet, via telephone Outgoing transfers Hard copy Electronic and via internet, via telephone Hard copy In-house transfer between the customer s own accounts (ad hoc and standing payment orders) 0.4%, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF %, min. HUF In case of payment account contracts concluded prior to , the following conditions apply for domestic ATM transactions, if there has been no modification in the customer s account package after : Monthly cash withdrawal from any domestic ATM at reduced fares (item/month): Active 1 account 0 items, Active 2 account 2 items, Active 3 account 2 items, Active 4 account 3 items HUF 785. Domestic ATM cash withdrawal fee is charged for the additional transactions. Please see chapter VII. 16 Under a campaign the conversion fee among account packages is not charged by the Bank up to 31st December F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

13 Standing payment orders with fixed amount 17 Active 1 Account Active 2 Account Active 3 Account Active 4 Account In-bank Electronic and via internet, via telephone Outgoing Electronic and via internet, via telephone In-bank and Hard copy outgoing In case private entrepreneurs, small-scale farmers or other independent private entrepreneurs initiate in-bank standing payment order with fixed amount to their own in-bank retail Credit card Bank or Securities account maintained as a retail customer given in hard copy Cancellation, modification fee of standing payment orders with fixed amount Cancellation, modification fee of payment orders given on-line, via internet or on phone Cancellation, modification fee of payment orders given in hard copy (The cancellation of a payment order is available only, if the Bank did not start the execution of the payment order until reception of the cancellation order. Payment orders executed on the day of receipt may not be cancelled.) 0.25%, min. HUF %, min. HUF %, min. HUF %, max HUF 0.4%, min. HUF %, min. HUF %, max HUF 0.4%, min. HUF %, min. HUF %, min. HUF HUF 190 /items HUF 190 /items HUF 190 /items HUF 190 /items HUF 490 /item HUF 490 /item HUF 490 /item HUF 490 /item Recalling ad hoc or standing order payments HUF 490 /item HUF 490 /item HUF 490 /item HUF 490 /item Multiple payments Launching multiple collections HUF 30 /item HUF 30 /item HUF 30 /item HUF 30 /item Credit charge for multiple collections 0.05%, min. HUF 30 /item 0.05%, min. HUF 30 /item 0.05%, min. HUF 30 /item 0.05%, min. HUF 30 /item Debit charge for multiple collections HUF 250 /item HUF 250 /item HUF 250 /item HUF 250 /item Multiple payment orders 0.05%, min. HUF 50 /item %, min. HUF 50 /item %, min. HUF 50/item %, min. HUF 50/item + Performance of prompt collection orders 0.2%, min. HUF %, min. HUF %, min. HUF %, min. HUF Cash deposits at branch HUF deposit to HUF account HUF to FX account 0.5%, min. HUF %, min. HUF %, min. HUF %, min. HUF 300 HUF deposit to HUF account, exceeding 2,000 pieces of banknotes 0.5% 0.5% 0.5% 0.5% 17 In case of payment account contracts concluded prior to , the following conditions apply for standing payment orders with fixed amount, if there has been no modification in the customer s account package after For Active 1, Active 2, Active 3, Active 4 account packages standing payment ordes with fixed amount electronic and via internet, via telephone 0.3%, max HUF, via Hard copy HUF 415 /item. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

14 Active 1 Account Active 2 Account Active 3 Account Active 4 Account FCY to FX account (same cuency) (bills only) 0.75%, min. HUF %, min. HUF %, min. HUF %, min. HUF 501 FCY to FX account (different cuency) (bills only) 0.75%, min. HUF %, min. HUF %, min. HUF %, min. HUF 501 FCY to HUF account (bills only) 0.75%, min. HUF %, min. HUF %, min. HUF %, min. HUF 501 FCY to HUF or FX account, reaching or exceeding EUR 10,000 or its equivalent in another cuency (bills only) Cash withdrawals at branch HUF withdrawal from HUF account HUF from FX account FCY from FX account (same cuency) FCY from FX account (different cuency) FCY from HUF account Incoming payments in foreign cuencies Standard deadline 0.75%, min. 501 Ft + 0.7%, min. 300 Ft 0.35%, min. HUF %, max HUF 3,000,000** 0.5%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 0.75%, min. 501 Ft + 0.7%, min. 300 Ft 0.35%, min. HUF %, max HUF 3,000,000** 0.5%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 0.75%, min. 501 Ft + 0.7%, min. 300 Ft 0.35%, min. HUF %, max HUF 3,000,000** 0.5%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 0.75%, min. 501 Ft + 0.7%, min. 300 Ft 0.35%, min. HUF %, max HUF 3,000,000** 0.5%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** 1.0%, min. HUF %, max HUF 3,000,000** Payments in the same cuency (T) 0.05%, min. EUR %, min. EUR %, min. EUR %, min. EUR 3.01 Intra Group Payments 18 (T) 80% of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point SEPA Credit Transfer payments in EUR within the Euro zone (same cuency, T ) Intra Group Payments 18, SEPA (T) Payments with conversion (T+2, in case of transactions in accordance with EGT rules T ) 0.025%, min. EUR % min. EUR %, min. EUR % of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point 80% of transaction fee set forth in the previous point 0.05%, min. EUR %, min. EUR %, min. EUR %, min. EUR Fast and low-fare same cuency payments to other accounts within the Raiffeisen network (EUR only). Money orders given in T+1 days are also executed within the day (T). For a list of the banks participating in the service, see Section I/15 of the List of Terms & Conditions. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

15 Urgent (main cuencies only) SEPA Credit Transfer payments in EUR within the Euro zone (payment with conversion, T+2, in case of transactions in accordance with EGT rules T ) Active 1 Account Active 2 Account Active 3 Account Active 4 Account 0.025%, min. EUR %, min. EUR %, min. EUR 6.02 Payments with conversion (T+1) 0.1%, min. EUR %, min. EUR %, min. EUR %, min. EUR SEPA Credit Transfer payments in EUR within the Euro zone (urgent with conversion, T+1 day) Extra urgent (main cuencies only) 0.05%, min. EUR %, min. EUR %, min. EUR %, min. EUR Payments with conversion (T day) 0.15%, min. EUR %, min. EUR %, min. EUR %, min. EUR SEPA Credit Transfer payments in EUR within the Euro zone (extra urgent with conversion, T day) 0.1%, min. EUR %, min. EUR %, min. EUR %, min. EUR Debits in foreign cuency for outbound transactions SWIFT messages (MT103 fe, on SWIFT messages connected to FX transfers) EUR 2.51 EUR 2.51 EUR 2.51 EUR 2.51 Customer initiated against the forint cuency transfer traffic, the transfer of foreign cuency transaction fee plus excess charges EUR 5.02 EUR 5.02 EUR 5.02 EUR 5.02 Standard deadline Payments in the same cuency (T+2, T+1 for EEA member cuencies and other main cuencies) Intra Group Payments 19 (T) SEPA Credit Transfer payments in EUR within the Euro zone (same cuency, T+1) Intra Group Payments 19, SEPA (T) Payments with conversion (T+2, between EEA member cuencies T+1) SEPA Credit Transfer payments in EUR within the Euro zone (payment with conversion T+2, between EEA member cuencies T+1) Urgent (main cuencies only) Payments with conversion (T+1) 0.15%, min. EUR % of transaction fee set forth in the previous point %, min. EUR % of transaction fee set forth in the previous point + 0.2%, min. EUR %, min. EUR %, min EUR %, min. EUR % of transaction fee set forth in the previous point %, min. EUR % of transaction fee set forth in the previous point + 0.2%, min. EUR %, min. EUR %, min. EUR %, min. EUR % of transaction fee set forth in the previous point %, min. EUR % of transaction fee set forth in the previous point + 0.2%, min. EUR %, min. EUR %, min. EUR %, min. EUR % of transaction fee set forth in the previous point + 0.3%, max HUF 0.1%, min. EUR % of transaction fee set forth in the previous point %, min. EUR %, min. EUR %, min. EUR Fast and low-fare same cuency payments to other accounts within the Raiffeisen network (EUR only). Money orders given in T+1 days are also executed within the day (T). For a list of the banks participating in the service, see Section I/15 of the List of Terms & Conditions. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

16 SEPA Credit Transfer EUR transfers with conversion T+1 Extra urgent (main cuencies only) Payments in the same cuency (T) SEPA Credit Transfer payments in EUR within the Euro zone (same cuency, T) Payments with conversion (T) SEPA Credit Transfer payments in EUR within the Euro zone (payment with conversion, T) In-house foreign cuency transfers Standard deadline Payments in the same cuency (T) SEPA Credit Transfer EUR Payments in the same cuency (T) Transfers between the customer s accounts in the same cuency SEPA Credit Transfer EUR Transfers between the customer s accounts in the same cuency In-house transfers with conversion between the customer s accounts (T+2, between EEA member cuencies T) SEPA Credit Transfer EUR In-house transfers with conversion between the customer s accounts (T+2, between EEA member cuencies T) In-house transfers with conversion (T+2, between EEA member cuencies T) Active 1 Account Active 2 Account Active 3 Account Active 4 Account 0.3%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, max HUF 0.5%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, max. HUF 0.05%, min. EUR %, max. HUF 0.05%, min. EUR %, max. HUF 0.05%, min. EUR %, max. HUF Urgent SEPA Credit Transfer EUR In-house transfers with conversion (T+2, between EEA member cuencies T) Urgent in-house transfers with conversion in non-eea cuencies (T+1) SEPA Credit Transfer EUR urgent in-house transfers with non-eea cuency conversion (T+1) Urgent in-house transfers between the customer s accounts with conversion in non-eea cuencies (T+1) 0.05%, min. EUR %, max. HUF 0.1%, min. EUR %, min. EUR %, min. EUR %, max. HUF 0.1%, min. EUR %, min. EUR %, min. EUR %, max. HUF 0.1%, min. EUR %, min. EUR %, min. EUR %, max. HUF 0.1%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :

17 Extra urgent SEPA Credit Transfer EUR urgent in-house transfers between the customer s accounts with non-eea cuency conversion (T+1) Extra urgent in-house transfers with conversion in non- EEA cuencies (T) SEPA Credit Transfer EUR Extra urgent in-house transfers with non-eea cuency conversion (T) Extra urgent in-house transfers between the customer s accounts with conversion in non-eea cuencies (T) SEPA Credit Transfer EUR Extra urgent in-house transfers between the customer s accounts with non- EEA cuency conversion (T) Special FCY exchange conversion 20 Active 1 Account Active 2 Account Active 3 Account Active 4 Account 0.1%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min. EUR %, min EUR 0.15%, min EUR 0.15%, min EUR 0.15%, min EUR 0.15%, min EUR 0.15%, min EUR 0.15%, min EUR 0.15%, min EUR EUR based SEPA DD (Direct Debit) Core and B2B (Business to Business) direct debits Direct debit without conversion 0.35%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, max. HUF %, max. HUF %, max. HUF %, max. HUF 6000 Direct debit with conversion 0.5%, min. EUR %, min. EUR %, min. EUR %, min. EUR %, max. HUF %, max. HUF %, max. HUF %, max. HUF 6000 Submitting SEPA DD B2B letter of authorisation HUF 6880*/ submitting a HUF 6880*/ submitting a HUF 6880*/ submitting a HUF 6880*/ submitting a letter of authorisation letter of authorisation letter of authorisation letter of authorisation SEPA DD Core direct debit limiting statement HUF 2056* HUF 2056* HUF 2056* HUF 2056* set/modification/cancellation Forbiding the execution of a SEPA DD Core and B2B direct debit Free of charge Free of charge Free of charge Free of charge Refund of paid SEPA DD Core direct debit HUF 490 HUF 490 HUF 490 HUF The Special FCY exchange conversion option is available via DirektNet and Electra, for amounts at least HUF 100,000 and at most HUF 30 million, between the Customer s accounts, at the buy and sell rates quoted and offered by the bank for each transactions individually, and provided that the funds are fully available on the account. F ő v á r o s i T ö r v é n y s z é k C é g b í r ó s á g a C é g j e g y z é k s z á m :